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Parliament adopts law to allow insurance against war risks

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Ukraine’s parliament adopted a law allowing insurance of investments in Ukraine against war risks, Ekonomichna Pravda reported on May 30.

The decision was supported by 241 out of 450 lawmakers.

The law expands the capabilities of the Export Credit Agency, allowing it to insure both domestic and foreign investments against the risks caused by armed aggression or terrorism.

These investments have to be used for creating facilities and infrastructure needed for industrial production and exports of Ukrainian origin.

According to the current legislation, the Export Credit Agency can insure Ukrainian investments only in other countries.

According to the Kyiv School of Economics, by January 2023, the total damages of the Russian invasion of Ukraine reached $138 billion in terms of destoryed or damaged infrastructure.

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Martin Fornusek

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Martin Fornusek is a reporter for the Kyiv Independent, specializing in international and regional politics, history, and disinformation. Based in Lviv, Martin often reports on international politics, with a focus on analyzing developments related to Ukraine and Russia. His career in journalism began in 2021 after graduating from Masaryk University in Brno, Czechia, earning a Master's degree in Conflict and Democracy Studies. Martin has been invited to speak on Times Radio, France 24, Czech Television, and Radio Free Europe. He speaks English, Czech, and Ukrainian.

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